THE cryptocurrency market is staging a comeback, with the price of Bitcoin up 5% to $40,331.64 after it suffered its worst week of the year.
The latest plunge was came after China announced another crackdown on coin mining, though more positive news in the space has helped boost the crypto market.
Elon Musk says he met with North American Bitcoin miners who have committed to publishing renewable energy usage in order to address concerns around the crypto-coin’s environmental impact.
The Tesla founder tweeted: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”
Meanwhile overnight, cryptocurrencies including Ethereum and dogecoin rose by between 10 and 25 per cent on Tuesday.
Read our cryptocurrency live blog below for the very latest updates…